The Private Equity team advised Webster Capital on its acquisition of a majority stake in multi-channel retailer Sundance Holdings Group ("Sundance") from Brentwood Associates.
Webster Capital (“Webster”) is a private equity firm founded in 2003 that invests in the branded consumer and healthcare services industries and provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. Webster recently closed its oversubscribed fourth fund at $875 million, beating its target of $650 million, and has raised approximately $1.5 billion of capital.
Sundance, founded by Robert Redford in 1989 and headquartered in Salt Lake City, Utah, is a premier lifestyle retailer of women's apparel and accessories, jewelry and home furnishings. The company sells through catalogs, online and retail stores.
For additional details on the acquisition, please read the press release.